Asia/Pacific
Russia's Ilsky refinery has asked for gov't help over high rates, modernization
Russia's Ilsky oil refinery has applied for government financial help mainly due to high interest rates and facility modernization, but added there was no risk of it shutting down and that it remained profitable.
China's oil refinery output falls from a year ago for a seventh month
China's refinery throughput in October fell 4.6% from last year, down from year earlier for a seventh month, as plant closures offset the ramp up of a newly started complex and demand from holiday travel.
Neste and PCS to bring renewable solutions to Southeast Asia’s chemicals industry
Neste and Singapore-based essential chemicals company PCS Pte. Ltd. have launched a cooperation for the supply of renewable solutions to Southeast Asia’s chemicals industry.
Russian refineries cut oil runs due to losses, closures loom
At least three Russian refineries have had to halt processing or cut runs due to heavy losses amid export curbs, rising crude prices and high borrowing costs. The closures highlight the struggles of the Russian refining industry, which has been caught in the crosshairs of Ukrainian drone attacks, Western sanctions on Russia, which force refiners to sell fuel at a discount, as well as high interest rates.
Asia naphtha supply expected to remain tight over next two years
Naphtha is expected to remain in short supply in Asia over the next couple of years as more crackers come online and as demand for blending the fuel with gasoline rises.
India shaping up as refining hub, to rely on fossil fuels until 2040
India, the world's No.3 oil importer and consumer, is expected to rely on fossil fuels until at least 2040 and is positioning itself as a refining hub, Oil Minister Hardeep Singh Puri said.
Sinopec starts up 1.2-MMtpy ethylene complex in north China's Tianjin
The new 1.2-MMtpy ethylene complex in northern China, part of China's recent additions of large-scale petrochemical plants, is designed to provide 4 MMtpy of high-end chemical products and fine chemical feedstocks.
Japan refiners maintain profitability in H1, outperform Asian rivals
Net income at Japanese oil refiners fell in the first half of their fiscal year, but they maintained profitability and outperformed their South Korean rivals as strong domestic margins shielded them from a weak overseas market.
Digital Exclusive: U.S. flip-flop jeopardizes global treaty to end plastic pollution
Rob Benedict, Vice President, Petrochemicals and Midstream, American Fuel and Petrochemical Manufacturers (AFPM), details the Biden administration's (U.S.) flip-flop on allowing individual countries to take their own path to tackle plastics pollution, and instead, wants universal plastic production caps and the banning of certain chemicals. Mr. Benedict details why this approach will only hurt the global objective to end plastic pollution.
Glencore-Chandra Singapore refinery to earmark 20% of output for Shell
Glencore and Chandra Asri, gearing up to complete their takeover of Shell's landmark Singapore refinery, have set up a new operating company and will earmark roughly 20% of output for the plant's outgoing owner.
- Tasnee's Saudi Ethylene and Polyethylene Co. commences planned maintenance of ethylene plant 1/2
- Advanced Biofuels Canada Association welcomes federal biofuels production incentive coming into force 1/2
- Technip Energies completes acquisition of Ecovyst’s Advanced Materials & Catalysts business 1/2
- Peru opens state-owned Petroperu to private investment after reorganization 1/2
- Brazil's Petrobras cuts jet fuel prices by 9.4% 1/2
- Norway's new car sales were 96% electric in 2025 1/2
